PFG Advisors Buys New Shares in Vanguard Tax-Exempt Bond ETF $VTEB

PFG Advisors bought a new position in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 199,630 shares of the company’s stock, valued at approximately $9,995,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Vanguard Tax-Exempt Bond ETF by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 108,048,493 shares of the company’s stock worth $5,297,618,000 after acquiring an additional 30,774,028 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Vanguard Tax-Exempt Bond ETF by 87.6% in the second quarter. Corient Private Wealth LLC now owns 7,404,770 shares of the company’s stock valued at $363,056,000 after purchasing an additional 3,458,654 shares during the last quarter. Sei Investments Co. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 30.6% in the second quarter. Sei Investments Co. now owns 13,204,759 shares of the company’s stock valued at $647,430,000 after purchasing an additional 3,094,388 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 4,903.1% during the second quarter. Laurel Wealth Advisors LLC now owns 1,984,861 shares of the company’s stock worth $97,318,000 after purchasing an additional 1,945,188 shares during the period. Finally, TIAA Trust National Association increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 14.4% during the third quarter. TIAA Trust National Association now owns 14,255,500 shares of the company’s stock worth $713,772,000 after purchasing an additional 1,799,750 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTEB opened at $50.56 on Monday. The stock has a 50 day simple moving average of $50.63 and a 200 day simple moving average of $50.28. Vanguard Tax-Exempt Bond ETF has a 1-year low of $47.02 and a 1-year high of $51.18.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1487 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous monthly dividend of $0.14.

Vanguard Tax-Exempt Bond ETF Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.